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NYSE Euronext (NYX) reported strong transaction volume growth in U.S. and European trading operations in February 2008, with double-digit increases in trading volume across all of NYSE Euronext's products and exchanges compared to the same period in 2007 and year-to-date.
Cash products:
-- NYSE Euronext's European exchanges experienced continued
strong growth, with a 45% increase in the number of equity
transactions(1) executed in February 2008 compared to February
2007, bringing the number of cash transactions since the
beginning of the year to 74 million, up 62% year-on-year.
Additionally Euronext registered continuing growth in ETF
transactions, with an increase of 85% year-to-date versus the
same period in 2007.
-- NYSE Euronext's U.S. cash exchanges, the NYSE and NYSE Arca,
together registered solid gains in average daily and total
handled volume in February 2008 with 14% and 20% increases,
respectively, compared to February 2007. Also in U.S. cash
equities trading, NYSE Euronext reported gains of 32% in total
handled(2) volume for NYSE listed issues, 176% in NYSE Arca
and Amex listed issues, and 112% in ETFs, year-to-date versus
the comparable period in 2007. NYSE Arca again handled more
ETF shares than any other U.S. exchange, with nearly 46% of
the total share volume.
Derivatives products:
-- NYSE Euronext's derivatives trading operations recorded
substantial gains in overall activity during February, with a
49% increase in total volume on Liffe and an 81% gain in total
contracts traded on NYSE Arca Options year-to-date, compared
to the same period in 2007. In February, Liffe traded almost
92 million futures and options contracts, representing an
average daily volume of 4.4 million, up 31% from the same
month in 2007. Bclear, Liffe's wholesale service for OTC
trades, processed over 13 million contracts in February 2008,
up 222% compared to the same month in 2007.
-- Average daily volume on NYSE Arca Options grew 42% in February
2008 from the same month last year, while overall industry
volume increased 28%, demonstrating the platform's continued
position as the U.S. Options industry's fastest growing
exchange. With 14% percent of trading in all options in
February 2008 taking place on NYSE Arca, year-to-date the
platform has garnered 15% of all trading in U.S. options, and
18% of all trading in the SEC Penny Pilot program.
Listings:
-- Listing activity on NYSE Euronext exchanges was strong in
February 2008, particularly in European and U.S. ETF trading,
where both Euronext and NYSE Arca are the leaders in their
respective markets. During the month, NYSE Arca listed 13
Exchange Traded Products and 4 Structured Products.
Additionally, Euronext listed 17 new ETFs on NextTrack,
bringing the total number of ETFs listed on its markets to
265, with more than 185 underlying indices.
-- In February, NYSE Euronext's U.S. markets added 20 new
listings on NYSE Group, including Hill International (NYSE:
HIL), the first transfer from Nasdaq to the NYSE in 2008.
Three IPOs were added on Euronext's market in February 2008,
representing more than $885 / EUR 600 million raised.
Please click here for the Monthly Transaction Activity Data Table.
Note:
Based on fourth-quarter 2007 non-GAAP net revenues (excluding activity assessment fees, and liquidity payments, routing and clearing fees) NYSE Euronext revenues from its primary business activities are represented below as a percentage of total net revenues:
-- Derivatives trading accounts for 23%
-- European cash trading accounts for 19%
-- U.S. cash trading accounts for 12%
-- Market data accounts for 13%
-- Listing accounts for 13%
-- Software and technology services accounts for 14%
On Feb. 29, 2008: EUR 1 = $1.4744
About NYSE Euronext
NYSE Euronext (NYX) operates the world's leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $30.5 trillion/EUR 20.9 trillion in total global market capitalization (as of Dec. 31, 2007), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $141 billion/EUR 103 billion (as of Dec. 31, 2007), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's reference document for 2006 ("document de reference") filed with the French Autorite des Marches Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
(1) Euronext equities transactions count each buy and sell order as separate transactions, NYSE Group equities transactions count buy and sell orders together as a single transaction. All NYSE Euronext derivatives transactions count buy and sell orders together as a single transaction
(2) Handled shares represent the total number of shares of equity securities internally matched on the NYSE Group's exchanges or routed to and executed at an external market center.
NYSE Euronext
Monthly Volume Summary - Cash Products
----------------------------------------------------------------------
Average Daily Total Volume Total Volume
Volume
------------------ -------------------- --------------
(Unaudited) Feb- Feb- % Chg Feb-08 Feb-07 % Chg YTD % Chg
08 07 2008 vs.
YTD
2007
----- ----- ------ ------ ------ ------ ------- ------
Number of
Trading Days -
European
Markets 21 20 21 20 43
Number of
Trading Days -
U.S. Markets 20 19 20 19 41
European Cash
Products
(trades in
thousands) 1,542 1,132 36.2% 32,376 22,633 43.0% 73,877 61.7%
Equities 1,486 1,077 38.0% 31,215 21,550 44.9% 71,267 63.6%
Exchange-
Traded Funds 7 5 38.0% 156 108 44.9% 403 85.2%
Structured
Products 42 41 2.5% 890 828 7.6% 1,955 23.1%
Bonds 5 7 -26.3% 115 148 -22.6% 251 -16.7%
U.S. Cash
Products
(shares in
millions) (2) 3,082 2,706 13.9% 61,646 51,416 19.9% 143,226 34.1%
NYSE Listed
Issues (1)
NYSE Group
Handled
Volume (2) 2,294 2,047 12.1% 45,877 38,890 18.0% 106,657 32.1%
NYSE Group
Matched
Volume (3) 2,088 1,937 7.8% 41,767 36,809 13.5% 97,078 26.2%
NYSE Group
TRF Volume
(4) 193 - - 3,866 - - 8,225 -
Total NYSE
Listed
Consolidated
Volume 3,954 2,930 34.9% 79,076 55,667 42.1% 183,225 57.5%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 58.0% 69.9% 58.0% 69.9% 58.2%
Matched
Volume (3) 52.8% 66.1% 52.8% 66.1% 53.0%
TRF Volume
(4) 4.9% - 4.9% - 4.5%
NYSE Arca &
Amex Listed
Issues
NYSE Group
Handled
Volume (2) 339 153 120.8% 6,770 2,912 132.5% 16,310 175.5%
NYSE Group
Matched
Volume (3) 298 133 125.0% 5,967 2,519 136.9% 14,164 175.5%
NYSE Group
TRF Volume
(4) 77 - - 1,547 - - 3,334 -
Total NYSE
Arca & Amex
Listed
Consolidated
Volume 986 386 155.7% 19,725 7,329 169.1% 46,383 208.7%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 34.3% 39.7% 34.3% 39.7% 35.2%
Matched
Volume (3) 30.3% 34.4% 30.3% 34.4% 30.5%
TRF Volume
(4) 7.8% - 7.8% - 7.2%
Nasdaq Listed
Issues
NYSE Group
Handled
Volume (2) 450 506 -11.1% 8,999 9,613 -6.4% 20,259 0.8%
NYSE Group
Matched
Volume (3) 374 409 -8.4% 7,484 7,763 -3.6% 16,741 2.1%
NYSE Group
TRF Volume
(4) 219 - - 4,380 - - 8,637 -
Total Nasdaq
Listed
Consolidated
Volume 2,343 2,221 5.5% 46,852 42,194 11.0% 103,354 18.4%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 19.2% 22.8% 19.2% 22.8% 19.6%
Matched
Volume (3) 16.0% 18.4% 16.0% 18.4% 16.2%
TRF Volume
(4) 9.3% - 9.3% - 8.4%
Exchange-Traded
Funds (1,5)
NYSE Group
Handled
Volume (2) 358 222 61.4% 7,160 4,215 69.9% 17,590 112.3%
NYSE Group
Matched
Volume (3) 317 199 59.5% 6,347 3,780 67.9% 15,357 106.4%
NYSE Group
TRF Volume
(4) 89 - - 1,773 - - 3,951 -
Total ETF
Consolidated
Volume 1,033 487 112.1% 20,651 9,248 123.3% 49,865 168.9%
NYSE Group
Share of
Total
Consolidated
Volume
Handled
Volume (2) 34.7% 45.6% 34.7% 45.6% 35.3%
Matched
Volume (3) 30.7% 40.9% 30.7% 40.9% 30.8%
TRF Volume
(4) 8.6% - 8.6% - 7.9%
NYSE Euronext
----------------------------------------------------------------------
Monthly Volume Summary - Derivatives Products
----------------------------------------------------------------------
Average Daily Total Volume Total Volume
Volume
------------------- ---------------------- --------------
(Unaudited; Feb-08 Feb- % Chg Feb-08 Feb-07 % Chg YTD % Chg
contracts in 07 2008 vs.
thousands) YTD
2007
------ ----- ------ ------- ------- ------ ------- ------
Number of
Trading Days
- European
Markets 21 20 21 20 43
Number of
Trading Days
- U.S.
Markets 20 19 20 19 41
European
Derivatives
Products 4,370 3,342 30.8% 91,769 66,832 37.3% 194,960 48.9%
Total
Interest
Rate
Products 2,612 2,026 28.9% 54,855 40,521 35.4% 119,217 52.6%
Short Term
Interest
Rate
Products 2,470 1,869 32.2% 51,871 37,380 38.8% 114,107 56.0%
Medium and
Long Term
Interest
Rate
Products 142 157 -9.5% 2,983 3,141 -5.0% 5,110 2.6%
Total Equity
Products (6) 1,686 1,269 32.9% 35,406 25,374 39.5% 72,763 42.7%
Individual
Equity
Products 1,083 749 44.5% 22,741 14,983 51.8% 42,414 42.8%
Equity
Index
Products 603 520 16.1% 12,665 10,391 21.9% 30,349 42.7%
of which
Bclear 625 204 206.6% 13,135 4,081 221.9% 21,782 170.7%
Individual
Equity
Products 541 145 273.0% 11,357 2,900 291.7% 17,252 210.7%
Equity
Index
Products 85 59 43.4% 1,778 1,181 50.6% 4,531 81.6%
Commodity
Products 71 45 56.9% 1,487 902 64.8% 2,922 69.6%
Currency
Products 1 2 -41.3% 22 35 -38.3% 58 -24.0%
U.S.
Derivatives
Products -
Equity
Options (7)
NYSE Arca
Options
Contracts 1,585 1,115 42.1% 31,699 21,189 49.6% 82,485 81.0%
Total
Consolidated
Options
Contracts 11,240 8,767 28.2% 224,809 166,578 35.0% 553,590 58.8%
NYSE Group
Share of
Total 14.1% 12.7% 14.1% 12.7% 14.9% 1.8%
(1) Includes all volume executed in NYSE Group crossing sessions.
(2) Represents the total number of shares of equity securities and
ETFs internally matched on the NYSE Group's exchanges or routed
to and executed at an external market center. NYSE Arca routing
includes odd-lots.
(3) Represents the total number of shares of equity securities and
ETFs executed on the NYSE Group's exchanges.
(4) Represents NYSE's volume in FINRA/NYSE Trade Reporting Facility
(TRF).
(5) Data included in previously identified categories.
(6) Includes all trading activities for Bclear, Euronext.liffe's
clearing service for wholesale equity derivatives.
(7) Includes trading in U.S. equity options contracts, not equity-
index options.
Source: NYSE Euronext, Options Clearing Corporation and
Consolidated Tape as reported for equity securities.
All trading activity is single-counted, except European cash
trading which is double counted to include both buys and sells.
